Archives for Portugal

Over on his Forbes blog Open Europe’s Raoul Ruparel provides a comprehensive analysis of the renewed concerns around European banks, centred around Banco Espirito Santo (BES), which saw stocks falling across Europe yesterday. The full post is here and …

Portugal this morning followed the lead set by Ireland and Greece and issued new debt for the first time since its bailout in 2011. Portugal managed to sell €750m of 10 year bonds at an average borrowing cost of 3.58% and with demand totalling €2.6…

Former Italian Prime Minister Mario Monti may be out of Italian politics, but it’s fair to say he still likes to talk – especially when travelling abroad.In an interview with Belgian daily De Morgen and Dutch daily De Volkskrant, Monti seems to hint at…

The European Commission today released its autumn 2013 economic forecast. The EC broadly sees a recovery in the eurozone, but does highlight that it remains fragile and that unemployment is expected to increase while further austerity also seems likely…

As you may have noticed, yesterday saw numerous governments across Europe unveiling their latest budgets for the coming year. Rather than just being a coincidence, this is down to the fact that yesterday was the deadline for eurozone governments to sub…

Our Director Mats Persson argues on his Telegraph blog:Ever driven on a motorway in Spain or Portugal? You’ll notice it’s not exactly the M25 – often, cars are few and far in between (some pretty heavy congestion around Gibraltar not included).Ac…

Political stability seems to have returned to Portugal – at least for now. The country’s ruling coalition and the opposition Socialist Party have failed to agree on the ‘national salvation pact’ demanded by President Aníbal Cavaco Silva to help the co…

UPDATE (17:15) – First reports of an agreement to keep the coalition alive. Stay tuned for more details. UPDATE (16:40) – Portuguese Prime Minister Pedro Passos Coelho and Foreign Minister Paulo Portas have just come out of another (swift) round of tal…

UPDATE (18:15) – We thought it would be useful to explain quickly how things work in Portugal when a government crisis occurs. If the Prime Minister resigns, the Portuguese President is the one who decides when and if parliament has to be dissolved.Und…

A surprise development in Portugal this afternoon, as Finance Minister Vítor Gaspar has announced his resignation. The office of Portuguese President Aníbal Cavaco Silva has said in a note that Gaspar will be replaced by Maria Luís Albuquerque – one…